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FTSE100 - watch out ..its bearish divergence

FX:UK100   FTSE 100 Index
  • Pattern - Bearish price RSI divergence on 4-hour chart, RSI in moving in a triangle
  • Bulls ought to keep a close eye on this chart as the bearish break in RSI and/or prices dropping below 6610 would open doors for a corrective move to 6400 (inverse head and shoulder) neckline
  • On the other hand, break above 6744 would suggest failure of bearish divergence



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